With growth projections like these, you can rest assured that careers in the business industry are projected to grow, making a business administration major a wise choice. Whether you’re a working adult or fresh out of high school, a Bachelor’s in Business Administration does not have to be the finish line for your career. It’s one of the reasons the business degree is the most popular degree in the country, accounting for nearly 20% of all degrees awarded, according to recent data from the National Center for Education statistics. / MoneyWatch. In contrast, the researchers found that students majoring in the humanities, social sciences, hard sciences and math do relatively well. According to the Bureau of Labor Statistics, the average growth is at 10% for the business and financial operations industry. Is business administration really the most in-demand major? 2021 Best Online Masters in Public Relations Programs, 30 Best Online Special Education Degree [2020 Bachelor’s Guide], 25 Best Online Logistics Degrees [2021 Guide], 25 Best Online MBA in Supply Chain Management [2021 Guide], 2021 Best MBA Marketing Online Programs [Ultimate Guide]. Your studies as an international business major will cover topics such as geography, foreign language, global marketing, multinational organizations, political economy, treaties and international trade agreements. Home » Best College Majors » Is Business Administration a Good Major? According to NACE, economics is one of the most financially sensible majors … You might move through various departments and seek internal promotions to scale the corporate ladder. But that isn’t because there isn’t a demand for employees with this major. Is the business industry projected to grow or shrink in the foreseeable future? You're kidding yourself if you think a business … Trump campaign loses appeal in Pennsylvania, What exit polls say about state of Georgia's Senate runoffs. For some, the natural progression in your career is completing a Master of Business Administration (MBA) and moving into upper management in your corporation. Sometimes, advancing your career may look more like a zig-zag than a straight line. This post is part of a series on college degrees that you may want to avoid. Lynn O'Shaughnessy is a best-selling author, consultant and speaker on issues that parents with college-bound teenagers face. A business administration major prepares you to effectively handle business theory and management principles in a professional manner. This strategy can be strengthened through developing skills that give you an edge over other applicants, such as learning another language. Copyright © 2020 CBS Interactive Inc. All rights reserved. It’s the exact opposite! Beginning your career ladder with a business administration major can prove to be very successful. If you’re strongly considering a business-related major, you’ll want to know the top factors in favor of earning this degree. 1. Business majors report feeling less fulfilled by their work than others. By diversifying, you can capitalize on this development by building your understanding of IT and how you can use it to do your job more efficiently and effectively. A business administration major can prepare you for a career in a variety of fields with above-average growth. 2. This article helped me in clearing my doubts. When you pursue a business administration major, you are exposed to the elements that make organizations function effectively and efficiently behind the scenes. ICE Limitations. Get the latest breaking news delivered straight to your inbox. Regardless of the field that you choose to work in, from health care management to real estate, with potential salaries at nearly double the national average, a business administration major can be an astute financial decision. When PayScale looked at starting and mid-career salaries of college graduates in dozens of college majors, business came in as the 56th best-paying college degree. On average, a business professional with a bachelor’s in business administration can expect a salary well beyond the national average. It fared worse than such "impractical" college degrees as philosophy, history and American studies. But is Business Administration a good major? With a business administration major, you could work in a variety of positions with above average growth as seen in these careers. Understanding the basics — A business administration major is exposed to all types of business concepts and is familiar with a variety of strategies and situations that students in specialized majors may not encounter. Through in-depth credit for prior learning guides and accelerated degree tips, we want to help you realize your dream of finishing college... in less time! Majoring in business administration will also prepare you for a wide-range of high-paying careers with above average growth prospects (U.S. Bureau of Labor Statistics). In contrast to some majors, a business administration degree is less about what degree you graduate with and more about the tools and resources you have honed during your education. Bachelor’s Program: Bachelor’s degree programs in finance, accounting or business administration may provide training for college students who want to become business analysts. We’re glad it was helpful information, Veronika! business administration major a wise choice. Internal business is a broad topic that encompasses international politics, practical business skills and world cultures. She explains how families can make college more affordable through her website TheCollegeSolution.com; her financial workbook, Shrinking the Cost of College; and the new second edition of her Amazon best-selling book, The College Solution: A Guide for Everyone Looking for the Right School at the Right Price. 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